World Markets up 1-2% as US and China could end Trade War

Stocks in Asia were mainly higher on Friday morning on the back of Wall Street gains and comments from U.S. President Donald Trump indicating progress in trade negotiations with China.

Trump Tweet – Just had a long and very good conversation with President Xi Jinping of China. We talked about many subjects, with a heavy emphasis on Trade. Those discussions are moving along nicely with meetings being scheduled at the G-20 in Argentina. Also had good discussion on North Korea!

The Dow Jones And SP500 were up 1.06%. Nasdaq was up 1.75%.

Hong Kong’s Hang Seng index surging 2.02 percent. The Shanghai composite gained 0.89 percent while the Shenzhen composite advanced 1.591 percent.